Settings8H · net · $10k
Funding arb · Price arb /

PENGU

all PENGU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.071%
Price spread now: Aevo against BloFin−0.250%113s7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1191.190% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.461%−$46 on $10k
Price spread, last 3 days (all we have)+0.161%+$16 · spread now −0.250%, 7d avg −0.042%
Together, before fees−0.299%−$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aevo is 0.209% cheaper against BloFin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.042%). Swap the legs. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin PENGU-USDT0.0087970.0340pay 0.0170% / 4h3h 55m$1.5M$2.8M75x
ShortAevo PENGU-PERP0.0087750.0104get 0.0013% / 1h55m 23s$203K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$49.56
Price spread: −0.250% → −0.042%
−$20.85
Slippage, 4 orders
−$91.04
Fee BloFin: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$189.45
Costs to cover
1.190%
Break-even
never at this rate
Slippage from BloFin: live order book, 3 min ago; Aevo: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 3 min ago0.57 bp9.0 bp −$915.4 bp −$15437.6 bp −$3,762doesn't fit
Sell Aevo live order book, 18 min ago28.62 bp52.9 bp −$53288.6 bp −$2,886doesn't fitdoesn't fit

PENGU on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate PENGU_USDT−0.0514%4h0.008773−0.273%$3.4M$15.4M75xas long as short
Bybit PENGUUSDT−0.0504%4h0.008769−0.318%$22.9M$37.1M75xas long as short
Kraken Futures PF_PENGUUSD−0.0394%1h0.008786−0.126%$367K$2.3M50xas long as short
Variational Omni PENGU−0.0281%4h0.008802+0.060%$869K$929Kas long as short
Deribit PENGU_USDC-PERPETUAL−0.0206%1h0.008773−0.273%$18K$10K10xas long as short
01 Exchange PENGUUSD−0.0104%1h0.008777−0.227%$201$595xas long as short
gTrade (Gains Network) PENGU/USDL +0.0007% / S −0.0003%1h0.008780−0.196%$33K150xas long as short
Injective PENGU/USDC PERP+0.0033%1h0.008789−0.091%$3K$117K5.5xas long as short
dYdX PENGU-USD+0.0089%1h0.008794−0.031%$12K$4K5xas long as short
Lighter PENGU+0.0096%1h0.008798+0.011%$308K$727K8xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_PENGU_USDC+0.0100%4h0.008774−0.261%$23K$186K20xas long as short
Nado PENGU-PERP+0.0100%1h0.008786−0.119%$698K$778K5xas long as short
Hyperliquid PENGU+0.0100%1h0.008783−0.159%$8.4M$15.3M5xas long as short
Aster PENGUUSDT+0.0100%4h0.008791−0.064%$188K$474K20xas long as short
Pacifica PENGU+0.0100%1h0.008793−0.045%$152K$239K5xas long as short
Binance PENGUUSDT+0.0100%4h0.008776−0.236%$36.5M$155.2M75xas long as short
OKX PENGU-USDT-SWAP+0.0100%4h0.008773−0.273%$7.6M$47.2M50xas long as short
Arcus PENGU-USD+0.0100%1h0.008780−0.193%$19K$24K5xas long as short
MEXC PENGU_USDT+0.0100%4h0.008782−0.171%$12.4M$12.6M125xas long as short
KuCoin PENGUUSDTM+0.0100%4h0.008776−0.239%$4.7M$9.0M75xas long as short
Bitget PENGUUSDT+0.0100%4h0.008774−0.261%$8.3M$12.7M75xas long as short
BingX PENGU-USDT+0.0100%4h0.008781−0.182%$3.9Mas long as short
Backpack PENGU_USDC_PERP+0.0100%1h0.008805+0.091%$309K$316K10xas long as short
GRVT PENGU_USDT_Perp+0.0100%4h0.008805+0.090%$461K$2.1M10xas long as short
ApeX Omni PENGUUSDT+0.0100%1h0.008799+0.023%$80K$254K50xas long as short
SunX PENGU-USDT+0.0100%4h0.008995+2.251%$3K$2.1M10xas long as short
SoDEX PENGU-USD+0.0100%1h0.008773−0.273%$1K$5K5xas long as short
HTX PENGU-USDT+0.0100%4h0.008820+0.261%$90K$300K25xas long as short
Extended PENGU-USD+0.0104%1h0.008768−0.326%$181K$617K10xas long as short
Aevo PENGU-PERPshort+0.0104%1h0.008775−0.250%$203K3x
Reya PENGURUSDPERP+0.0238%1h0.008776−0.234%$29610xas long as short
BloFin PENGU-USDTlong+0.0340%4h0.008797long leg$1.5M$2.8M75x
GMX PENGU/USD [WBTC.b-USDC]L +0.0498% / S −0.0683%1h0.008779−0.205%$111K100xas long as short
Coinbase International PENGU-PERP-INTX+0.1648%1h0.008799+0.023%$94K$103K50xas long as short